The forecast for the demand for peas in Canada shows a gradual decline from 2024 to 2028. Starting at 679.0 thousand metric tons in 2024, the demand steadily decreases year on year to 651.0 thousand metric tons by 2028. Compared to 2023, this represents a decrease in demand. Over the five-year forecast period, the compound annual growth rate (CAGR) indicates a negative trend in pea consumption, suggesting that other factors such as alternative protein sources, dietary shifts, or economic variables may be influencing these projections.
Future trends to watch include potential policy changes affecting agriculture, advancements in pea-based product innovations, and consumer preference shifts towards plant-based diets or away from them, which can significantly influence demand trajectories.
